Real Estate SEO and Technology Blog

Realtors are being hosed by their own (supposed) mortgage association affectionately called Fannie Mae. To prove that this quasi Governmental-Private business entity has now gone black to the core, witness their new “green” patents for (yes this is the real name for both) “System and Method for Residential Emissions Trading.”

And get this. Want to know what the devices are? Think they have anything to do with mortgage lending? NOT A THING! Then what are they? They are devices to “protect” you from using too much energy. Okay, let’s say this the rational way. They are locks that THEY ONLY have the key for to turn your gas off (can you say “residential emissions”). I think that I’ll come up with a lock that I can put on YOUR home that only I have the key to and call it “cap-and locks”. BTW- If you look at the patent, it looks like a 3rd grade science project.

Can you believe it? Now, after putting us in a horrible housing crisis by going all in for sub-prime loans (yeah, I know agents thought these were great at the time) now that they get a bail-out for as much money as they want, they’ve decided that they’re not to good at lending money, but this “cap-and-trade” idea just might make them money . . . a LOT of money. And to whose detriment? OURS. I only have one question Mr. Obama.

How do we get rid of this overreaching dinasaur of a conglomorate called Fannie Mae?